Investment Fund Focused on Crypto Mining to Be Created in Russia – Mining Bitcoin News

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Russia’s crypto mining sector to attract investors through a new investment fund.

According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment.Work has begun to set up the first mutual fund for investments in crypto mining enterprises in Russia, the business daily Kommersant reported. It will operate as a venture fund for the purchase of mining hardware through a special entity which will then lease the equipment.

The company intends to raise 500 million rubles before incorporating the leasing firm, Finam CEO Vladislav Kochetkov explained. Part of the money will be used to buy mining machines and the rest will be spent to pay for electricity and maintain the fund.

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The sooner russia collapses, the better. The more russian bitcoin, the more crime, brutality, and death they inflict on the world.

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that's awesome !!! wish there were thousands of these in the US but the US, is going backwards instead of forward

While others are busy shouting Russia must not win Ukraine and China should not send weapons to Russia.

if country involves in this the growth will be great & easy

Good idea on country level as for me

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